🚀 7 Firms File for Solana ETFs Amid SEC Scrutiny

Seven asset managers have submitted updated S-1 filings for spot Solana ETFs, signaling growing institutional interest in SOL. Bloomberg ETF analyst James Seyffart noted the filings include staking-related provisions, a key point of regulatory discussion.

The SEC is expected to engage in further "back and forth" with applicants before approval. This follows the agency's recent approval of spot Ethereum ETFs, which also faced prolonged negotiations.

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